Prospectuses Could Include Manager Pay, Holdings

In an open meeting today, the SEC is expected to call for fund manager compensation and holdings to be included in fund prospectus so-called "statements of additional information," The Wall Street Journal reports.

While making fund managers pay known is a familiar refrain of the past number of years, the SEC seems to be taking the proposal very seriously this time, according to the WSJ. Currently, the idea is to disclose the "compensation structure" of a funds portfolio manager and/or the management team. But even if the SEC doesnt follow through on the proposal, the Senates Mutual Fund Reform Act of 2004, a new bill proposed last month, would require the information to be included in filings with the SEC.